Jeff and Maggie both work in the real estate market. One day, a great investment property comes on the market, and they decide to pool their money to buy and renovate it. They plan to spend six weeks on the renovation, and they hope to make a nice profit when they turn around and sell it. Jeff and Maggie's partnership is an example of a(n)

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This is an example of a joint venture, a partnership established for a specific project or for a limited time. In this case, Jeff and Maggie are pooling their resources to make a specific real estate investment that will last six weeks.

Jeff and Maggie Both Work in the Real Estate Market